Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward.
THOMAS SOWELLThe use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.
More Thomas Sowell Quotes
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We should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.
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As an entrepreneur in India put it: ‘Indians have learned from painful experience that the state does not work on behalf of the people. More often than not, it works on behalf of itself.
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Suppose you are wrong? How would you know? How would you test for that possibility?
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Age gives you an excuse for not being very good at things that you were not very good at when you were young.
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Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
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Everyone may be called “comrade,” but some comrades have the power of life and death over other comrades.
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No-one is equal to anything. Even the same man is not equal to himself on different days.
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It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.
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What is history but the story of how politicians have squandered the blood and treasure of the human race?
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Heedless of the past, we are flying blind into the future.
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As history has also shown, especially in the twentieth century, one of the first things an ideologue will do after achieving absolute power is kill.
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Economics is more than just a way to see patterns or to unravel puzzling anomalies.
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There are no solutions. There are only trade-offs.
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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
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What then is the intellectual advantage of civilization over primitive savagery? It is not necessarily that each civilized man has more knowledge but that he requires far less.
THOMAS SOWELL